Indian equities are likely to be volatile on Tuesday, tracking developments in global peers even as oil prices have cooled off slightly. Asian stocks drifted on Tuesday as investors assessed heightened geopolitical risks in the aftermath of the strike on Saudi Arabia’s crude facilities that sent oil prices soaring. Treasuries extended gains.
Benchmarks rose in Japan, fell in Australia and fluctuated in South Korea. S&P 500 futures were little changed after US stocks slipped on Monday.
Oil pulled back slightly after soaring 15% in the previous session. The dollar maintained gains against peers while treasury yields declined.
